Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for ABN Amro Bank NV > News item |
ABN Amro plans 10.5% Knock-in Reverse Exchangeables linked to Nike
By Laura Lutz
Des Moines, April 7 - ABN Amro Bank NV plans to price 10.5% Knock-in Reverse Exchangeable Securities due Oct. 31, 2008 linked to the common stock of Nike, Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
If Nike stock falls below the knock-in level - 85% of the initial price - during the life of the securities and finishes below the initial price, the payout at maturity will be a number of Nike shares equal to par divided by the initial price.
Otherwise, the payout will be par.
The securities are expected to price on April 25 and settle on April 30.
ABN Amro Inc. is the lead agent.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.